Oxford Nanopore Technologies (LON:ONT) Issues Quarterly Earnings Results

Oxford Nanopore Technologies (LON:ONT) announced its earnings results on Tuesday. The company reported GBX (16) (($0.21)) earnings per share for the quarter, Digital Look Earnings reports. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Price Performance

ONT stock traded down GBX 0.85 ($0.01) during mid-day trading on Thursday, hitting GBX 90.80 ($1.17). 5,144,694 shares of the stock were exchanged, compared to its average volume of 8,679,030. The business has a fifty day moving average price of GBX 131.16 and a 200 day moving average price of GBX 138.19. Oxford Nanopore Technologies has a 12 month low of GBX 85 ($1.10) and a 12 month high of GBX 169.20 ($2.18). The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The stock has a market capitalization of £861.73 million, a price-to-earnings ratio of -4.89 and a beta of 0.80.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 235.50 ($3.04).

Oxford Nanopore Technologies Company Profile

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